Zepto, an India-based quick-commerce startup, said it overtook Swiggy Instamart in both order value and order volume in the January-March quarter of FY26.

The disclosure was made in its updated IPO filling.

It still trailed Blinkit ahead of what would be India’s first standalone quick-commerce listing.

Zepto reported a net order value of 75.9 billion rupees (US$794 million) and 210 million orders in the quarter.

Instamart recorded 56.7 billion rupees (US$594 million) 112.6 million orders.

Blinkit posted 143.9 billion rupees (US$1.5 billion) and 273.9 million orders.

Zepto’s average order value remained lower than both Blinkit and Instamart.

Blinkit and Instamart generated higher spending per order.

Blinkit reported an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) profit of 370 million rupees (US$3.87 million).

Zepto and Instamart posted adjusted EBITDA losses of 12.5 billion rupees (US$130 million) and 8.6 billion rupees (US$89.7 million), respectively.

🔗 Source: The Economic Times

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